S&P 500 drops 10% in six days, fastest correction in history

Dont be surprised by a one day 1000+ point gain. Its coming very soon....I hope it rallies straight up 3000+ points so I can add a ton of short positions but for now anyone shorting might be a bit late to the party.

 

We're only down 10% and you're already crying for mercy?

 

I don't think so. At least not yet. It's too early for this type of short squeeze. Maybe when we're down 30%.

 

30% drop ?? Nahhh...I'm telling you it will be here well before the 30% drop. Never too early in these markets. I'm telling you it's coming soon.

 

And now the fastest recovery in the history of markets...…….24000 to 36000

2900 to3900

 

you bet

 

the same old boring stuff

buy low sell high

 

proof that the market is more efficient now. when something fundamental happens markets correct quicker

 

Me thinks SPX 2850ish might be a bottom.

 

We’ve had a few 10-20percent corrections in the last 10 years. May2010, aug2011, aug2015, dec2018. More per year than we had between 2003 and 2007 I think.